RTG Medical MSP Blog

The top 4 financial measures of an excellent MSP partner (and 1 big bonus)

Written by RTG Medical MSP | Jan 4, 2024 5:02:51 PM

At first look, the most compelling advantage to working with a managed service provider (MSP) for your contract staffing is the service’s ability to help lower costs. But how do you evaluate if your MSP is really helping your budget? These are the four main financial hallmarks of the best MSP partners ... and one big bonus we think every MSP should offer.

1. Billing transparency

You can see all the data you need surrounding bill rates and your overall spend on a daily, weekly, monthly, quarterly and annual basis. With the right technology in place, that data is real time and easily accessible.

2. Clear & upfront terms

With staffing experts ready and willing to answer any contract questions, you’ll know exactly what you’re saying yes to before signing. You won’t ever have to worry about surprise add-on costs when you fully understand all terms and conditions of your agreements. 

3. Consolidated billing

There’s only one invoice format you have to know and you can expect it at the same time every week. Not only does consolidated billing help you move faster, it creates a more consistent and trackable record of your spending over time.

4. Long-term trend analysis

When you work with one partner over a long period of time, you have one in-depth source for historical data that can be easily compiled and analyzed. Together, you can work to identify trends across things like seasonal staffing needs and annual spend. This kind of analysis can help prove the value of contract staffing to executives and shareholders—and help you identify areas to shift your strategy.

BONUS BENEFIT

Trusted & transparent partnership

Without trust, you can’t collaborate effectively to actually right-size your staffing spend. A trustworthy MSP offers responsive service with customized problem-solving and quick answers to your questions. True consultative partnership streamlines systems, documents and information ... which lets you focus on smarter solutions that create the best patient and financial outcomes for your facility. 

So how does the list above stack up to what you’re seeing today with MSPs?

At RTG Medical, we’ve designed our MSP program to prioritize customization and the type of true, transparent partnership that allows you to do your best work.

To learn more about how we could support your staffing needs, start a conversation any time.